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    President Trump pauses Military aid to Ukraine after clash with Ukraine President Zelensky

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    Mojisola Meranda resigns as Speaker of Lagos State House of Assembly.

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    DSS seals Lagos state house of Assembly speaker and Deputy’s office

    Impeached speaker Obasa storms Lagos Assembly with security

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

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    Police apprehend suspect with fabricated beretta pistol in Onitsha

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    UK tightens visa rules for care workers, skilled workers and students

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    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

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    United States scraps visa dropbox service for Nigerian applicants

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    Buhari says Nigeria security and economy improved during his tenure

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    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering

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Twitter to change its iconic bird logo – Elon Musk announces

Sunday, 23 July 2023, 8:37 pm
in Business, Companies
0
Twitter to change its iconic bird logo – Elon Musk announces
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Social media giant Twitter will soon discard its iconic bird logo as soon as Monday, the platform’s CEO Elon Musk announced on Sunday.

Also read; FBN Holdings Plc posts 231.07% growth in Profit for half year 2023

Musk confirmed the plan in a Twitter Spaces audio chat, where he argued that the logo change “should have been done a long time ago.”

Musk continued to discuss the logo change in a series of tweets.

And soon we shall bid adieu to the twitter brand and, gradually, all the birds

— Elon Musk (@elonmusk) July 23, 2023

In a follow up tweet, Elon Musk hinted that the new X logo will go live worldwide by Monday.

If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow

— Elon Musk (@elonmusk) July 23, 2023

The new logo is expected to reflect the new X Corp brand. X Corp is an American technology company established by Elon Musk in 2023 as the successor to Twitter Inc.

In April 2022, filings to the Securities and Exchange Commission (SEC) revealed Musk had formed three corporate entities in Delaware, all under the name of X Holdings. According to the filings, one of the entities was to merge with Twitter, Inc.

In March 2023, Musk registered X Corp. in Nevada. On the same day, Musk registered the artificial intelligence (AI) company X.AI. Later that month, Musk applied to merge X Holdings I with X Holdings Corp. and Twitter, Inc. with X Corp.

In the filing, Musk revealed that X Holdings Corp. has $2 million in capital; X Holdings Corp. will also serve as the parent company for X Corp. In a company-wide email that month, Musk announced that Twitter employees will receive stock in X Corp.

In an April 2023 court filing for an ongoing lawsuit filed by right wing political activist Laura Loomer against Twitter and its former CEO Jack Dorsey, Twitter, Inc. notified the court that it had been consolidated into X Corp., a Nevada corporation based in Carson City.

With the merger in April, Twitter ceased to exist as a company on paper, even as Musk continued to use the Twitter name and bird logo.

The billionaire has explained that he purchased Twitter with the goal of turning it into an “everything app” along the lines of China’s WeChat within three to five years. ‘X’ would offer banking, shopping, texting and calling, travel booking, stock trading, and various other services.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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